SHA:688179 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	590.81	524.39	396.72	371.02	281.25	228.19
Other Revenue	9.17	9.17	6.16	7.08	6.41	6.03
Revenue	599.98	533.56	402.88	378.1	287.66	234.22
Revenue Growth (YoY)	20.55%	32.44%	6.55%	31.44%	22.82%	11.74%
Cost of Revenue	229.15	204.38	162.54	156.28	110.11	93.95
Gross Profit	370.83	329.18	240.33	221.82	177.55	140.27
Selling, General & Admin	164.41	132.56	96.08	83.96	61.35	43.86
Research & Development	67.5	62.51	51.07	38.7	22.32	15.68
Other Operating Expenses	5.78	4.49	0.78	3.22	1.52	1.6
Operating Expenses	238.28	200.69	148.1	127.2	85.52	61.21
Operating Income	132.55	128.49	92.23	94.63	92.03	79.06
Interest Expense	-22.92	-7.29	-6.69	-4.67	-0.41	-0.24
Interest & Investment Income	8.85	5.87	6.89	8.28	10.16	1.45
Currency Exchange Gain (Loss)	0.01	0.01	0.11	0.4	-0.11	-0.24
Other Non Operating Income (Expenses)	-0.87	-1.16	-0.57	-0.69	-0.4	-0.42
EBT Excluding Unusual Items	117.61	125.92	91.97	97.95	101.27	79.6
Gain (Loss) on Sale of Investments	0.01	0.55	1.46	1.3	0.35	0.77
Gain (Loss) on Sale of Assets	-0.26	-0.1	-0.13	0.19	-1.47	-0.06
Asset Writedown	4.95	-	-	-	-	-
Legal Settlements	-	-	-	-	-	-0.04
Other Unusual Items	0.8	1.27	1.6	6.24	1.56	6.09
Pretax Income	123.12	127.63	94.91	105.67	101.71	86.37
Income Tax Expense	14.6	11.91	9.08	12.9	12.35	11.94
Earnings From Continuing Operations	108.52	115.72	85.83	92.77	89.36	74.43
Minority Interest in Earnings	-24.56	-16.96	-	-	-	-
Net Income	83.95	98.76	85.83	92.77	89.36	74.43
Net Income to Common	83.95	98.76	85.83	92.77	89.36	74.43
Net Income Growth	-19.05%	15.07%	-7.48%	3.82%	20.06%	16.86%
Shares Outstanding (Basic)	337	329	294	339	331	264
Shares Outstanding (Diluted)	346	339	303	346	331	264
Shares Change (YoY)	13.70%	11.75%	-12.51%	4.75%	25.43%	5.57%
EPS (Basic)	0.25	0.30	0.29	0.27	0.27	0.28
EPS (Diluted)	0.24	0.29	0.28	0.27	0.27	0.28
EPS Growth	-28.80%	2.96%	5.75%	-0.89%	-4.29%	10.70%
Free Cash Flow	168.01	115.99	10.11	-105.23	-98.38	72.29
Free Cash Flow Per Share	0.49	0.34	0.03	-0.30	-0.30	0.27
Dividend Per Share	0.153	0.167	0.179	0.106	0.121	0.152
Dividend Growth	-41.43%	-6.66%	68.02%	-12.51%	-19.96%	-9.10%
Gross Margin	61.81%	61.70%	59.65%	58.67%	61.72%	59.89%
Operating Margin	22.09%	24.08%	22.89%	25.03%	31.99%	33.75%
Profit Margin	13.99%	18.51%	21.30%	24.54%	31.06%	31.78%
Free Cash Flow Margin	28.00%	21.74%	2.51%	-27.83%	-34.20%	30.86%
EBITDA	161.95	152.67	109.47	107.33	101.74	87.16
EBITDA Margin	26.99%	28.61%	27.17%	28.38%	35.37%	37.21%
D&A For EBITDA	29.4	24.19	17.24	12.7	9.72	8.11
EBIT	132.55	128.49	92.23	94.63	92.03	79.06
EBIT Margin	22.09%	24.08%	22.89%	25.03%	31.99%	33.75%
Effective Tax Rate	11.86%	9.33%	9.56%	12.21%	12.14%	13.82%
Revenue as Reported	599.98	533.56	402.88	378.1	287.66	234.22
Advertising Expenses	-	11.44	5.46	3.9	3.34	2.42

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.